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Fixed Trading Expenses, how much do you spend?
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Fixed Trading Expenses, how much do you spend?

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
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Garachen View Post
My costs for trading infrastructure, hosting, lines, software, feeds is $120,000/month. Everything seems to be getting more expensive lately.

I was mainly aiming the poll at retail traders and not institutional traders or desks

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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Last edited by Big Mike; May 18th, 2013 at 04:13 AM.
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  #12 (permalink)
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Manchester, NH
 
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Garachen View Post
My costs for trading infrastructure, hosting, lines, software, feeds is $120,000/month. Everything seems to be getting more expensive lately.

Hey Gara, I've seen you post elsewhere and it's nice to see you here. I'm guessing that you're working completely on your own? That's a remarkable feat in itself.

P.S.: Yeah, the expenses are getting out of hand. We're "paying" about the same order of magnitude on monthly amortization alone.

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  #13 (permalink)
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annecy france
 
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Sierra chart annual fees : 420$
IQ : 110$ /month for Eurex

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  #14 (permalink)
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Lehrte, Germany
 
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I'm paying $60 / month for one of Sam's great VPS and recently added $49 monthly subscription fee for Greg's (Tradervue) journaling application.

Since I own an NT lifetime license, there are no further expenses for platforms, data feeds, etc.


Last edited by Daytrader999; May 18th, 2013 at 06:19 PM.
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  #15 (permalink)
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Daytrader999 View Post
Since I own an NT lifetime license, there are no further expenses for platforms, data feeds, etc.

Where do you get your realtime intraday quotes from? Broker?

Successful people will do what unsuccessful people won't or can't do!
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  #16 (permalink)
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Fadi View Post
Where do you get your realtime intraday quotes from? Broker?

Yes, I think I forgot to mention that Mirus provides me with Zen-Fire data feed.

@Fadi:

I should also mention that the 'no-cost rule' for Zen-Fire data feed from Mirus only applies if you have at least 5 RTs per month...if not, you'll get charged with $25 inactivity fee if you connect to the data feed during your time of inactivity.


Last edited by Daytrader999; May 18th, 2013 at 07:00 PM. Reason: Addition
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  #17 (permalink)
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Daytrader999 View Post
Yes, I think I forgot to mention that Mirus provides me with Zen-Fire data feed.

Yeah I saw that on your profile after having submitted my question, sorry.
Unfortunately my IB data feed is not good, and I have to source externally...

Successful people will do what unsuccessful people won't or can't do!
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  #18 (permalink)
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Daytrader999 View Post
I'm paying $60 / month for one of Sam's great VPS and recently added $49 monthly subscription fee for Greg's (Tradervue) journaling application.

Since I own an NT lifetime license, there are no further expenses for platforms, data feeds, etc.

Both of those services have discounts for Elite Members, did you use them?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #19 (permalink)
Trading for Profit
Munich, Germany
 
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$20 per month over here for globex value bundle via TradeStation.

Stopped paying for ICEUS, EUREX, etc. as I currently trade only the globex futures.

Don't have to pay the $99.95 account service fee per month as I was so far able to meet the minimum criteria (e.g. 10 round turns p.m.).

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  #20 (permalink)
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Big Mike View Post
Both of those services have discounts for Elite Members, did you use them?

Mike

I'm afraid I didn't...perhaps I should get in touch with both Sam and Greg.

Thanks for pointing that out Mike.

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